Quote:
Originally Posted by spence
Not sure that's really accurate. There's a lot of money in the trust on paper, but it's invested in the US and shows up as debt.
The problem isn't as much SS as it is overall fiscal health.(it's an unsustainable redistribution scheme..a disaster)Posted from my iPhone/Mobile device
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there was a lot of money in the Bernie Maidoff trust on paper but it was mostly "invested"(spent)......the "Trust Fund" was invested into the massive expansion of the welfare state and the Great Society(aka Road to Ruin)...that "investment" should really pay off
[QUOTE=spence;837478] I guess it depends on if you believe in the full faith and credit of the USA. Good thing we have cash-flow.
"cash flow"
printing record amounts of money that does not exist
borrowing record amounts to pay for things that you can never afford
"cash flow"
Bernie Maidoff had "cash flow"
let the nationwide dependent class protests begin